Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Student Debt Equal to Cost of 53 Stadiums

Otago University Students’ Association

Official Media Release

9 April 2008.

Attention: Education Reporters, Political Reporters

FOR IMMEDIATE RELEASE

 

Student Debt Equal to Cost of 53 Stadiums

This Thursday the 10th of April will see total student debt in New Zealand hit $10 Billion dollars.  

Student debt is now so large that it could be used to buy 53 new Stadiums for Dunedin.  

Much student debt is tied up in living allowances: students are the only sector in society forced to borrow in order to live.

Students at Otago University are marking the event with a protest on the Registry Lawn. The protest will run from 12pm – 2pm and will take the form of a massive birthday party for the Student Debt Monster. As well as a variety of party related activities - including free food and a horizontal bungy - students can register their protest by completing a birthday card with their name, year of study and student loan debt. These cards will be sent to the Parliamentary offices of Pete Hodgson, the Minister for Tertiary Education.

“We want to show the Minister that student debt isn’t just a number on a spreadsheet to us, debt is affecting the lives and futures of real people” said Otago University Students’ Association President (OUSA) Simon Wilson.

The average student in tertiary study in 2007 owed $28,838 to the government, banks and other loan providers.

Wilson describes this amount as “staggering, we are placing a very heavy burden on 19 and 20 year olds who are about to start their working lives.”

OUSA, with other student associations around the country, is calling for the introduction on a universal living allowance for all students.

Wilson argues that; “It’s time to abandon a system which is forcing our best and brightest to mortgage their futures just so they can pay their rent. The Government needs to stop making small ineffectual changes and introduce a living allowance for all students.”

 
ends
                                                                                


 

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election